First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Trading Down 0.4% – Should You Sell?

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) shares traded down 0.4% on Monday . The stock traded as low as $39.33 and last traded at $39.32. 30 shares changed hands during trading, a decline of 98% from the average session volume of 1,442 shares. The stock had previously closed at $39.49.

First Trust S-Network E-Commerce ETF Stock Performance

The stock has a 50 day moving average of $40.13 and a two-hundred day moving average of $40.18. The stock has a market cap of $5.90 million, a PE ratio of 19.19 and a beta of 1.03.

First Trust S-Network E-Commerce ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.0404 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Trading of First Trust S-Network E-Commerce ETF

Several hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of First Trust S-Network E-Commerce ETF during the 2nd quarter worth approximately $109,000. Insight Advisors LLC PA acquired a new stake in shares of First Trust S-Network E-Commerce ETF in the second quarter valued at about $253,000. Jane Street Group LLC acquired a new position in shares of First Trust S-Network E-Commerce ETF during the 2nd quarter worth about $539,000. OLD Mission Capital LLC bought a new stake in First Trust S-Network E-Commerce ETF in the 1st quarter valued at $605,000. Finally, Royal Bank of Canada acquired a new position in shares of First Trust S-Network E-Commerce ETF in the first quarter valued at approximately $1,097,000.

First Trust S-Network E-Commerce ETF Company Profile

The First Trust Nasdaq Retail ETF (ISHP) is an exchange-traded fund that is based on the S-Network Global E-Commerce index. The fund tracks an index that provides exposure to the global e-commerce industry. Securities are selected by market-cap and weighted equally. ISHP was launched on Sep 20, 2016 and is managed by First Trust.